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bell rings] now we're down to 135. david: apple is something we'll talk in just a moment about big-time. meantime the market is down today. it has been worse. it is down 137 points. at one point it was down 180 but it has recovered. it has been up and down, sort of like the rumors about the situation in boston. we hear one thing, we hear another, it is up and it is down. that is pretty much what happened to the market across the board. what is most concern what is happening with nasdaq and a lot of that concern is focusing on what's happening with apple. apple going below the $400 level at one point. it is trading just above and below the $400 as we close, lori. lori: that's right. flight it quality. interest rates lower. stock market lower. oil lower. as the bells ring we'll zero in on earnings reports. we have two big earnings movers today. bank of america falling after posting smaller than expected increase in quarterly problem. this has revenue in most of its businesses declined. the company said it made more home loans and investment banking fees increased. >>> you are shares
the show is that one, apple. the tech giant expected to post earnings of $10.01 per share. folks, that would be a 19% drop year over year, the first expected drop in more than a decade. now, revenue is seen rising 8% to 42.3 billion. he here as always is going to be iphone sales. the main driver of apple revenue, we're going to speak with analysts all morning to get their perspective on the name. but what is your take, america? log in to facebook and vote in our arm chair analyst poll. will apple tonight meet, beat or miss estimates? as for the economy, here is today's calendar. >> how is the crowd sourcing experiment gone so far? i haven't looked at the results. >> the results for coming. >>? >> i can't even log in to the borrowing page. >> they've gotten some decent numbers that have come this. i think there are 1500 or 1700 -- >> but are they better -- >> they're good at it, but i think we have made the mistake of picking from predictable companies. that's why we started picking some trickier companies like apple. that's the one that's up in the air. nobody knows exactly what'
on the data. lori: will you look at technology stocks, apple in pretty good and go earnings are not robust at all comment and staying clear of those and perhaps sticking with the offensive things that continue to lead at least as leaders into the rally? >> i wouldn't exclude technology here for a few reasons. number one, when you look at the performance of tech versus the s&p or the value segment of the standard and poor's, we have a pretty good underperformance so we had some significant lagging and some notable names have been dragging down the index but ultimately if you look at the balance sheets that are relatively clean, relatively consistent cash flow from many of these, many of them are beginning to take dividendss or maturing and you can buy many attractive valuations. i wouldn't run away from technology. i would sharpen my pencil and decide which one you want to own as part of a diversified portfolio. lori: with apple shares, is that an opportunity for you? >> apple as an indication, broader indication of what is going on with technology, speak to it that way, a plastic example o
. melissa: nicole, thanks. lori: bmo cap ha capital lowered its 2013 price target for apple twice in the last week. let chess check in with a senior research analyst at abm markets. to keep an eye what iphones consumers are buying. keith, welcome to you. the crux of your latest forecast, your latest price target downgrade if you will is really based on verizon earnings which showed weaker than expected only 50%. the iphone sales were of the iphone 5, high-end, best margins, if you will, very attractive margins so you say expect disappointment today? >> we think so. we have as you mentioned two cuts. the first, actually had a chance to go out and visit with a number of carriers around the world, both face-to-face and over the phone and that led me to the conclusion that apple was candidly losing share and we think losing share to samsung and no longer the top-notch phone out in the market. we think effectively competing with samsung. we think the market is moving away from apple. they're losing some share in the high end. in addition, we think there's a number of chinese phones or
and start with commodities. gold, looks like it found a floor, no? >> at least temporarily. just like apple. it its funny, two, apple and gold have nothing to do with each other yet those two stocks, that stock and that commodity have gone out and crushed so many people out there over the last year. so it is nice to see both of those catching a little bit. maybe rescue retail trader a little bit. if you look at the nasdaq 100, which was the big leader today, one of the things watching google and apple have been conspiring to make the mdx do nothing last six months. >> i don't think it is a real conspiracy. >> no, no. but those two stocks are basically been forcing the nasdaq 100, really tight range. we get two of those moving same direction at the same time, that underperformance of the mdx could cause that thing to skyrocket. so i think that's a trade that may be out there. how does ndx trade versus the dow and dow which was the big leader and s&ps, was another big leader. that is trade i will really be watching. tomorrow's results could set the tone for the rest of the quarter on that tra
, the ceo cites signs of stability. >>> apple, just a day after it's set to report results. reports swirling about a possible iphone 5s delay if production. >>> did your flight get delayed this weekend? maybe you should blame it on the furloughs. headlines from the sequester continuing to bite business travellers and airlines alike. >> the markets coming off their worst week in five months and it wasn't that long ago we were on the verge of hitting s&p 1600. what do investors expect going forward? tobias levkovich joans us at post 9. welcome. always good to see you. >> good to be here. >> coming on a day when you have "barron's" over theec wooend and their poll and we laughed about it a little bit. dow 16,000 by the middle of next year. they're talking s&p 1682 and people want to read that this morning as a danger sign. >> i would be a little bit careful. if you look at how they've been with the market they've been somewhat cautious and very u.s. oriented. even cyclicals like retailers will be u.s. oriented and not the global cyclicals. i don't think people have bought into this. we see cash
. and apple likely be to be the stock of the day along with netflix and earnings later. tim cook, pressure on him. apple hasn't had a break through since he took over and the entire financial team is on scrutiny. four apple executives are among the top paid of all 500 top company ceo's, get between 68 and 85 million dollars a year. a lot more than tim cook. he gets 4 million. apple stock has gone from 705 to 390 in seven months. huh. next, looks like the internet sales tax will breeze through the senate. we have one senator who is opposed to it. he's a democrat. plus, a business owner who makes a lot of money on-line and he says this tax is going to hurt him and his business. but you are going to like the markets when it opens up, a gain of maybe 90 points. that's next. in today's markets, a lot can happen in a second. with fidelity's guaranteed one-second trade execution, we route your order to up to 75 market centers to look for the best possible price -- maybe even better than you expected. it's all part of our goal to execute your trade in one second. i'm derrick chan of fidelity inves
. selling across the board, particularly in economic sensitive areas like energy and technology, and apple, for example, below $400, and we'll is more on that throughout the show. the one thing to note is the volume is not as heavy like we saw on monday. there's less volume and less conviction to the selling; however, the selling is happening across the board. there's economically sensitive areas like financials bringing me to bank of america. reporting their quarterly numbers, look at bank of america. this weighing on the dow jones industrials, but more importantly, bank of america, itself, down six and a quarter percent. financials down with it, and missed estimates, the big story, despite profits qaw drupe -- quadrupled for the quarter. sector to sector, defense sectors doing better, utilities, health care, and telecom. back to you. melissa: thanks so much. lori: fbi confirms preliminary tests on a letter sent to president obama tested positive for ricin. rich edson has the latest. rich, when you hear news like this coming after the bombings in boston, you understand why the fear trade
. it is somewhat reminiscent to what happened to apple. in the paper market, you have a dramatic selloff. in the physical market, the demand is very, very strong. connell: let's follow up on that. let's talk about apple. the big game for the dollar versus the euro. is that part of the case you make for gold? >> i think part of the reason is for safety. in times like this, i think now is a fantastic entry point. it is certainly better than two weeks ago. it is uncorrelated. that last forever. hopefully it will bring the price back up. connell: she is trying to hold back. dagen: it does not have the magical properties. i do want to ask you about storage capacity. are we maxed out in terms of the ability to store gold? >> we are not maxed out. individual investors, i think they are hitting struggles. you are saying that on a retail level. on an institution level, you are not saying that at all. connell: come back and hang out with us. i hope you like those. we like him as a guest. dagen: connell is very needed. [ laughter ] connell: the reopening of the privacy debate. privacy versus safety
with me. >>> other big story now is stronger than expected corporate earnings. good story. and apple beat, strong profit in big industrial companies. gave us a big rally today. remember, please, profits are the mother's milk of stocks. all that's up next. and please don't forget my other dictum. free market capitalism is the best path to prosperity. we'll be right back after this. >>> it's hard to hit home runs all of the time. is that part apple's problem? >> i don't know if it's a problem, larry. tim cook did say we've got some cool new stuff coming in the fall and in 2014. that might have been what triggered an after hours selloff. some people interpreted that to mean we don't have new stuff coming in the summer. but will he he also talked about new product categories the team is working on. yes, apple has been coming out with a lot of new stuff over the past couple years, but historically, they have taken longer between some major launches. between the ipod and the iphone, there was about six years where apple was mostly doing software iterations. >> john fort, thank you very much, we
to keep an eye on apple shares today. it dropped below $400 yesterday or the first time in 16 months. the decline came after a chip suppliers forecast led them to start worrying about weakening demand for the iphone and ipad. joining us is gene munster. gene, by the way, also covers google and google will be reporting after the bell tonight. gene, why don't we start with apple. this has been an incredible run up and then an incredible drop. below $400. is this somewhere you saw the stock going? >> no way. this is -- we thought there was a floor at 450, so this is a lot lower than we thought it was going to go. >> and at this point, now that it has reached 400 at least in the intra day trade, does that worry you that there is still more room to decline or do you think at this point it's stabilized? >> we think there's an opportunity here. the street numbers still need to get reset. we're 10% below the street for the june quarter. i think once these estimates get reset, that's the point where investors are going to start to get interesting. the southside still hasn't taken those nebs d
about the buzz on the apple iwatch, then google came out with the ad for the google glass, and all that buzz went away. i look forward to getting my hands on one, but i don't think it's necessarily a needle mover for the stock. hidz liz okay. david: tom, you cover apple as well as you look at that stock sink below $400 a share. is it a screaming buy, or would you be worried at this point? >> well, i think investor sentiment, obviously, is as negative as it's been in a long time, but i do think it's a buy. i think people mistake on apple going to the apple store and thinking the only thing they're going to see in two years is the next generation of current devices. i think apple's playing its cards close to its chest. there's a lot of innovation going on that we don't see -- david: by the way, i am a stockholder as well, so i've got to push back. do you think that we need to change at the top? do you think tim cook is just tried, add his chance and like mr. johnson over at jcpenney, it's time for him to go? >> no. actually, i think he's dope a very good job -- he's done a very good
today or at least part of it. bank of america mist on earnings and revenue and pay the price. apple suppliers say they see a slowdown of apple's sales. the two stocks led the decline in the market. 4 billion shares traded. the dow is down 138 points, an uptick in volume. the s&p down almost 23 points. the nasdaq fell 16. bank of america stock down almost 5%. j.p. morgan followed with a three and a half% decline. apple stock moving lower. recovering just slightly. down five and a half% today. managing the pop-up to 403 at the close. losing its title of the world's most valuable company, exxon mobile. commodities a week. the price of gold is down $4.70 per ounce. worries about global economic weakness. down $2 per barrel, just below $87. and in the bond market, investors buying bonds sending the yield down to 170%. well, a guest tonight says economic news is bring investors back to reality. he sees this as a short-term pullback. joining us now, chief investment strategist. it could to have you here. this is a little pause. not of fullblown correction. we are ready for the leg up. >> w
francis and here is "who made money today". anyone shorting apple. the stock crashed today falling below 400 bucks for the first time in more than two years. that means for the apple has lost it's title as the world's most valuable company. that title goes back to exxonmobil. so who is not making money? pretty much everyone else. it was a terrible day on wall street. the dow fell 138 points. all three major intoday he is sees closed in the red. one of the biggest looser of the day was former vice president rand self-proclaimed internet inventor al gore. gore sits on apple board of directors. he owns nearly 62,000 shares. he lost $1. million at least on paper. sorry about that, al. even when they say it's not it is always about money melissa: ebay and american express releasing their earnings. let's go right to dennis kneale at the breaking news desk and, dennis, what is the latest? >> ebay posting robust results but wall street is not happy. shares are down 2 1/2% after-hours. here's why. earnings per share, wall street wanted 63 cents. came in at 62 cents. never mind that is up from 44
congress does something about it, unlikely they will given the mood up there right now. >>> apple by the way, is reporting its quarterly earning with very low expectations. dan is joining us now. what exactly is there problem? >> it's been incredibility to see the collapse of apple stock. it hasn't been trading this low since november of 2011. that was right after steve jobs died. we want to explore a couple of reasons why the stock is trading so much lower. when you look at the technology business, it is almost like the movie business. you have to unveil hit after hit. the stock exchange is maturing. most people who have cell phones have smart phones. competition has never been more intense. you look at amazon creating great products. we'll be watching the earnings and the guidance. wolf. >> we'll see what happens with apple. >>> coming up, a nike t-shirt with the words boston massacre stayed on sale for days after the bombings. we'll tell you what they're doing about that coming up. ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and reco
three point* 9 billion -- billion shares traded apple is down almost $11 and it continues to move lower after hours and the 10 year treasury yielding 1.60% and the administration calling their foes liars we will show you how it has held up on the accuracy [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recondition each one, until it's nothing short of a genuine certified pre-owned... mercedes-benz for the next new owner. ♪ hurry in to your authorized mercedes-benz dealer for 1.99% financing during our certified pre-owned sales event through april 30th. pre-owned sales event at od, whatever business you're in, that's the business we're in. with premium service like one of the best on-time delivery records and a low claims ratio, we do whatever it takes to make your business our busine. od. helping the world keep promises. ...amelia... neil and buzz: for teaching uthat you can't create the future... by clinging to the past. and with that: you're history. instead of looking behind... delta is looking beyond. 80 th
is just -- pretty damn radical and dramatic from net scape to yahoo! to google to facebook to apple. is apple up or is apple down. how are you guys doing? what's next for google? >> what's next is what's next for the last year, which is the shift to mobile. what we see every quarter in our business is we see more and more people moving to mobile phones and mobile tablets an moving away from personal commuters and macs. you see this in the industry. so the tools and techniques for mobility are just getting better. there's a whole new generation of companies and applications which are mobile first or mobile only you'll carry around. these application will make your life better. some will be from google, some will be from competitors. fact of the matter is we're all becoming much more reliant on these devices. >> isn't that remarkable. i'm sure you're 99% mobile, mr. space age whiz kid. but even i, at 50, i look at this thing now -- like it is the edsel. >> it's heavy. >> i never carry that on the plane. i've now got my ipad. we're playing with the surface as well. it is lighter, it ca
they could have said it's all about apple. i think we need to broaden the horizons if this is going to be sustainable. >> let me go there and take you to a live shot of the white house. the white house is lowering their flag to half staff. flags are to be lowered at all public buildings until sunset on april 20th. there are at least three dead. more than 150 injured. this is echo of what we saw in the wake of 9/11. a lot more "squawk on the street" back in a moment. [ male announcer ] you are a business pro. governor of getting it done. you know how to dance... with a deadline. and you...rent from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pay the mid-size price. this is awesome. [ male announcer ] yes, it is, business pro. yes, it is. go national. go like a pro. >>> let's hop over to the cme. rick santelli is talking gold. >> you know, a couple of months ago we were talking about the notion of gold become securitized. it was much more of a paper trait than a real commodity trade. and this makes s
. i think we are talking apples and oranges here. >> we have a lot of confusion here. this is where i disagree with juan. cases going back to the civil war. the president has the authority to declare somebody an enemy combatant. all that means when you talk to them. anything they tell you in the context of intelligence gathering cannot be used against them in a court of flaw a criminal proceeding. that's what the constitution says is that you have a right not to be compelled to incriminate yourself in a criminal proceeding. intelligence gathering thing there are all sorts of ways where you wall off what you get from his intelligence gathering. not poison a criminal case and every lawyer that has looked at this has said they don't need a confession from this guy. they have so much evidence that the idea that somehow if he tells them something he might get off no one thinks that's a possibility. i think, you know, jane harman on here on sunday was sort of indicative on this is that there is a lot of confusion between military tribunals and enemy combatants. can you be enemy combatant an
to a pair of stories expected to be in the news ahead. starting with apple's earnings, its quarterly results are expected to shrink for the first time in a decade. decade. iphone sales are in a slump. shares have plunged 55% over the past six months. >>> can you remember life before youtube? the website turned 8 years old today. >> here we are, one of thealfants. >> this clip is the very first youtube video. that is the website cofounder at the san diego zoo. >> business partners sold to google for a whopping $1.65 billion. ♪ >> that is the most watched video on youtube. "gangnam style" with more than $1.5 billion views. >> youtube has become the number one source of viral videos, cat videos in particular like this post showing a cat playing with a vacuum cleaner. what is it about cats on youtube? i don't know. this is one of the most watched videos this week. >> you are watching cnn news room live. we will have more on the boston investigation. >> stay with cnn. [ tires screech ] [ beeping ] ♪ [ male announcer ] we don't just certify our pre-owned vehicles. we inspect, analyze and recon
. >>> apple shares are higher after hours, revenue and profits came in better than expected. however, the guidance was disappointing. >>> also bullish news on housing did help stocks today. new home sales rose 1.5% in march. reversing a steep decline in february. that is it from cnbc, first in business worldwide. back to "hardball." >>> welcome back to "hardball." in philadelphia, right now, the trial of an abortion doctor charged with the murder of babies, the prosecutorors say we born alive, is generating national headlines. of course, it was page 1 of today's "usa today" with the headline "gruesome testimony renews debate over abortion." i'm not sure about that, but it is is gruesome testimony. a grand jury report released in 2011 called the clinic a house of horrors. the bottom line remains this is a murder case. originally dr. kirmet was charged with seven counts of first-degree murder for killing babies that were allegedly born alive and viable. a judge threw out three of the seven murder charges. the judge did not explain his reasoning. reports indicated he did not hear suffic
Search Results 0 to 20 of about 21